Journal entry for cheque issue but not yet realised.
- 11 Answers
- 60791 Views
- Bajaj, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / md. ashraful habib
when Cheque issue
I will through a Payment Voucher
Party A/c Dr.
to Bank A/c
(Being the amount paid by Cheque)
Cheque issue but not yet Realised
We Will preparing Bank Reconciliation Statement
| Is This Answer Correct ? | 45 Yes | 7 No |
Mr Singh Saab Cheques issue means issuing of cheque to
others towards due settlement or for advance. At the time
of issue we will debit the party account and credit
banker.The realisation will be known to you only with the
bank pass bok or statement. Try to understand or learn the
practice of accounts.
| Is This Answer Correct ? | 23 Yes | 14 No |
Answer / daljeet singh
AS PER ACCOUNTING STANDARDS JOURNAL ENTRIES SHOULD BE :
When cheque issued:
Party A/c Dr.
To Cheque issued but not realised A/c
When cheque Realised in Bank:
Cheque issued but not realised A/c Dr.
To Bank A/c.
| Is This Answer Correct ? | 13 Yes | 6 No |
Answer / abdur rashid shanto
When cheque issued
Party A/C----Dr
PDC A/C-------Cr
When cheque realised
PDC A/C-----Dr
Bank A/C--------Cr
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sajeermoidu
when chq issued
pdc issued a/c dr(under current liability)
to bank
when chq realised
party a/c dr
to pdc issueda/c
| Is This Answer Correct ? | 28 Yes | 25 No |
Answer / sarvesh
when security cheque issued:Dr.
party a/c
and Cr. Security a/c
, if cheque discounted then Dr. Security a/c and credit bank a/c, if cheque returned then take reverse entry by Dr. security a/c & credit Party A/c.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / rekha
Here journal entry we cont put, because in issuing a cheque
we are debiting the party a/c so it wont come in journal
entry, we in put in payment entry later will see that in
the bank reconcialization statement.
| Is This Answer Correct ? | 8 Yes | 13 No |
Answer / suryakant lokhande
1.When Cheque issued then entry is:
By Party A/C Dr
To Bank A/C Cr
(Being Cheque Paid)
2.At the time of Reco Entry is:
By Bank A/C Dr
To Party Cr
(Being Cheque not yet realised)
| Is This Answer Correct ? | 8 Yes | 16 No |
EXPAND______________IBA
Tell us something about Sinking Fund.
in a every intervew asking one common question why you are living current employer, which is the best answer
0 Answers Bank Of America, HSBC,
Whatis new GL & Odd G.L What is the difference between these two.
What is going concern concept?
what is accouting
what are all the formulas used in bank to calculate their economy
Feature of Master letter of credit of Garments manufacturing company?
When we issue credit note for free goods charged in invoice, whether we claim sales tax from the dept.
What is "back Flash Accounting"?
hi all plz where interveiws happening in hyd regarding accounting and finance.....plz post here....
Queries for Big4 Articleship :Communication Skills & Gk?
Audit 
